Purvis Shawn N 4/A
4/A · NORTHROP GRUMMAN CORP /DE/ · Filed Mar 1, 2021
Insider Transaction Report
Form 4/AAmended
Purvis Shawn N
CVP, President, Enterprise Svc
Transactions
- Award
Restricted Performance Stock Rights
2021-02-16+4,513→ 16,346 total→ Common Stock (4,513 underlying)
Footnotes (2)
- [F1]Each Restricted Performance Stock Right ("RPSR") represents a contingent right to receive an equivalent number of shares of Issuer common stock, or, at the Issuer's election, cash or a combination of cash and Issuer common stock. The RPSRs vest if the applicable performance metric is satisfied for the relevant valuation of performance measurement period ("measurement period").
- [F2]The RSPRs acquired include (i) 179 vested RPSRs with respect to the measurement period ended 12/31/20 acquired due to settlement of the RPSRs granted under the 2011 Long-Term Incentive Stock Plan ("LTISP") on 2/13/18 that resulted in settlement at 105% of the target award; and (ii) 4,334 unvested RPSRs granted under the LTISP on 2/16/21 with a measurement period ending on 12/31/23. A total of 3,759 shares were issued in settlement of the 2018 RPSRs with a measurement period that ended 12/31/20, and the target award amount of 3,580 RPSRs was previously reported in connection with the grant of the 2018 RPSRs.